{"id":382320,"date":"2010-03-02T14:03:00","date_gmt":"2010-03-02T19:03:00","guid":{"rendered":"tag:blogger.com,1999:blog-3087194156628161158.post-2594027808118827855"},"modified":"2010-03-02T14:07:42","modified_gmt":"2010-03-02T19:07:42","slug":"financial-times-tesco-jumps-as-buffet-raises-holding","status":"publish","type":"post","link":"https:\/\/mereja.media\/index\/382320","title":{"rendered":"FINANCIAL TIMES: Tesco jumps as Buffet raises holding"},"content":{"rendered":"<p><!-- AddThis Button BEGIN -->By Bryce Elder and Neil Hume <\/p>\n<p>Published: March 1 2010 08:57 | Last updated: March 1 2010 20:48<\/p>\n<p><script type=\"text\/javascript\" language=\"javascript\"> function floatContent(){var paraNum = \"3\" paraNum = paraNum - 1;var tb = document.getElementById('floating-con');var nl = document.getElementById('floating-target');if(tb.getElementsByTagName(\"div\").length> 0){if (nl.getElementsByTagName(\"p\").length>= paraNum){nl.insertBefore(tb,nl.getElementsByTagName(\"p\")[paraNum]);}else {if (nl.getElementsByTagName(\"p\").length == 3){nl.insertBefore(tb,nl.getElementsByTagName(\"p\")[2]);}else {nl.insertBefore(tb,nl.getElementsByTagName(\"p\")[0]);}}}}<\/script><\/p>\n<p><span class=\"bodystrong\"><b><a symbol=\"uk:TSCO\" href=\"http:\/\/markets.ft.com\/tearsheets\/performance.asp?s=uk:TSCO\">Tesco<\/a><\/b><\/span> was among the FTSE 100\u2019s top performers on Monday after Warren Buffett raised his stake.<\/p>\n<p>Shares in the supermarket rose 3.2 per cent to 433p, their sharpest gain since May, after Mr Buffett said in <a href=\"http:\/\/shareinvestorforum.com\/viewtopic.php?f=36&amp;t=140&amp;p=1013#p1013\">a letter to Berkshire Hathaway shareholders<\/a> that the holding had increased to 3 per cent.<\/p>\n<p>America\u2019s second-richest man has been gradually adding to his Tesco stake since first buying the stock in 2006 when the retailer announced plans to enter the US market. The latest purchase is believed to make him the sixth-biggest shareholder.<\/p>\n<p>Tesco shares were also helped by an upgrade from JPMorgan Cazenove.<\/p>\n<p>The risk of UK deflation looks to have passed and investment spending should fall significantly this year, the broker said. \u201cAfter two years of no free cashflow generation in the UK, we expect \u00a31bn in 2010\/11 and \u00a31.3bn in 2012-13, excluding Tesco Bank,\u201d said analyst Jaime Vazquez.<\/p>\n<p>He moved from \u201cunderweight\u201d to \u201cneutral\u201d on Tesco stock, adding: \u201cFor the shares to outperform we believe the company would need to outperform its peers again in the UK, improve its capital turnover ratios internationally and prove it can boost free cashflow generation without impacting growth.\u201d<\/p>\n<p class=\"textBodyBlack\"><a name=\"comments\"><span style=\"font-weight: bold;\">Share Investor Links<\/span><\/a><a name=\"comments\"><\/a><\/p>\n<p><a href=\"http:\/\/www.shareinvestorblog.com\/\">Share Investor Blog<\/a> &#8211; Stockmarket &amp; Business commentary<br \/>Discuss this topic @<a href=\"http:\/\/www.shareinvestorforum.com\/\"> Share Investor Forum<\/a> &#8211; <a href=\"http:\/\/shareinvestorforum.com\/ucp.php?mode=register&amp;sid=450a61250472e03fa25c205c9c1723f1\"><strong>Register<strong><\/strong><\/strong><\/a> free<\/p>\n<p><a href=\"http:\/\/shareinvestorforum.com\/viewtopic.php?f=36&amp;t=140&amp;p=1013#p1013\"><span style=\"font-weight: bold;\">Download the 2009 Warren Buffett Letter &amp; 2009 Annual Report to Berkshire Hathaway Shareholders<\/span><\/a><br \/><a href=\"http:\/\/shareinvestorforum.com\/viewtopic.php?f=36&amp;t=140&amp;start=15#p960\"><span><span style=\"font-weight: bold;\">Download the 1977 &#8211; 2009 Warren Buffett Letter&#8217;s to Berkshire Hathaway Shareholders<\/span><\/span><\/a><\/p>\n<p><span style=\"font-weight: bold;\">Recommended Amazon Reading<\/span><\/p>\n<p><script type=\"text\/javascript\">var addthis_pub=\"shareinvestor\";<\/script><\/p>\n<table id=\"searchResults\" cellspacing=\"0\">\n<tbody>\n<tr class=\"clsOdd\">\n<td class=\"tdimage\"><a href=\"http:\/\/astore.amazon.com\/shareinvestorbookstore-20\/detail\/0966446127\"><img decoding=\"async\" src=\"http:\/\/ecx.images-amazon.com\/images\/I\/315%2BfrL4YuL._SL75_.jpg\" alt=\"The Essays of Warren Buffett: Lessons for Corporate America, Second Edition\" \/><\/a><\/td>\n<td class=\"tddescription\"><a href=\"http:\/\/astore.amazon.com\/shareinvestorbookstore-20\/detail\/0966446127\">The Essays of Warren Buffett: Lessons for Corporate America, Second Edition<\/a> by <span class=\"by\">Warren E. Buffett<\/span><br \/>Buy new:        $25.91       \/ Used from:        $20.00<br \/><span class=\"availability\">Usually ships in 24 hours<\/span><\/td>\n<\/tr>\n<tr class=\"clsEven\">\n<td class=\"tdimage\"><a href=\"http:\/\/astore.amazon.com\/shareinvestorbookstore-20\/detail\/0553384619\"><img decoding=\"async\" src=\"http:\/\/ecx.images-amazon.com\/images\/I\/51hlhRX908L._SL75_.jpg\" alt=\"The Snowball: Warren Buffett and the Business of Life\" \/><\/a><\/td>\n<td class=\"tddescription\"><a href=\"http:\/\/astore.amazon.com\/shareinvestorbookstore-20\/detail\/0553384619\">The Snowball: Warren Buffett and the Business of Life<\/a> by <span class=\"by\">Alice Schroeder<\/span><br \/>Buy new:        $13.60       \/ Used from:        $10.34<br \/><span class=\"availability\">Usually ships in 24 hours<\/span><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p><iframe loading=\"lazy\" border=\"0\" marginheight=\"0\" marginwidth=\"0\" src=\"http:\/\/rcm.amazon.com\/e\/cm?t=sharinve-20&amp;o=1&amp;p=7&amp;l=ez&amp;f=ifr&amp;f=ifr\" style=\"border: medium none ;\" frameborder=\"0\" height=\"40\" scrolling=\"no\" width=\"260\"><\/iframe><script type=\"text\/javascript\">var addthis_pub=\"shareinvestor\";<\/script><script type=\"text\/javascript\">var addthis_pub=\"shareinvestor\";<\/script><\/p>\n<p><script type=\"text\/javascript\">var addthis_pub=\"shareinvestor\";<\/script><\/p>\n<div><script type=\"text\/javascript\">var addthis_pub=\"shareinvestor\";<\/script><br \/><a name=\"data:post.title\" id=\"data:post.url\" onmouseover=\"'return\" onmouseout=\"addthis_close()\" onclick=\"return addthis_sendto()\"><img loading=\"lazy\" decoding=\"async\" src=\"http:\/\/s7.addthis.com\/static\/btn\/lg-share-en.gif\" alt=\"Bookmark and Share\" style=\"border: 0pt none ;\" height=\"16\" width=\"125\" \/><\/a><script type=\"text\/javascript\" src=\"http:\/\/s7.addthis.com\/js\/200\/addthis_widget.js\"><\/script><\/div>\n<p><!-- AddThis Button END --><\/p>\n<div class=\"blogger-post-footer\"><script type=\"text\/javascript\"><!--\ngoogle_ad_client = \"pub-1811166043296468\";\ngoogle_ad_width = 468;\ngoogle_ad_height = 60;\ngoogle_ad_format = \"468x60_as\";\ngoogle_ad_type = \"image\";\ngoogle_ad_channel =\"\";\n\/\/--><\/script><br \/>\n<script type=\"text\/javascript\"\n  src=\"http:\/\/pagead2.googlesyndication.com\/pagead\/show_ads.js\">\n<\/script><img width='1' height='1' src='https:\/\/blogger.googleusercontent.com\/tracker\/3087194156628161158-2594027808118827855?l=everythingwarrenbuffett.blogspot.com' alt='' \/><\/div>\n<p><a href=\"http:\/\/feedads.g.doubleclick.net\/~a\/3wp5PtCY-2AM0Hy5RA_NP14ejJk\/0\/da\"><img decoding=\"async\" src=\"http:\/\/feedads.g.doubleclick.net\/~a\/3wp5PtCY-2AM0Hy5RA_NP14ejJk\/0\/di\" border=\"0\" ismap=\"true\"><\/img><\/a><br \/>\n<a href=\"http:\/\/feedads.g.doubleclick.net\/~a\/3wp5PtCY-2AM0Hy5RA_NP14ejJk\/1\/da\"><img decoding=\"async\" src=\"http:\/\/feedads.g.doubleclick.net\/~a\/3wp5PtCY-2AM0Hy5RA_NP14ejJk\/1\/di\" border=\"0\" ismap=\"true\"><\/img><\/a><\/p>\n<div class=\"feedflare\">\n<a href=\"http:\/\/feeds.feedburner.com\/~ff\/EverythingWarrenBuffett?a=KQQ1S2u1X08:7EtKihd0TfU:yIl2AUoC8zA\"><img decoding=\"async\" src=\"http:\/\/feeds.feedburner.com\/~ff\/EverythingWarrenBuffett?d=yIl2AUoC8zA\" border=\"0\"><\/img><\/a>\n<\/div>\n<p><img loading=\"lazy\" decoding=\"async\" src=\"http:\/\/feeds.feedburner.com\/~r\/EverythingWarrenBuffett\/~4\/KQQ1S2u1X08\" height=\"1\" width=\"1\"\/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>By Bryce Elder and Neil Hume Published: March 1 2010 08:57 | Last updated: March 1 2010 20:48 Tesco was among the FTSE 100\u2019s top performers on Monday after Warren Buffett raised his stake. Shares in the supermarket rose 3.2 per cent to 433p, their sharpest gain since May, after Mr Buffett said in a [&hellip;]<\/p>\n","protected":false},"author":833,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7],"tags":[],"class_list":["post-382320","post","type-post","status-publish","format-standard","hentry","category-news"],"_links":{"self":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/382320","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/users\/833"}],"replies":[{"embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/comments?post=382320"}],"version-history":[{"count":0,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/382320\/revisions"}],"wp:attachment":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/media?parent=382320"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/categories?post=382320"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/tags?post=382320"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}